Input costs hurt realty boom
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Update time : 2022-05-30 20:02:41
Despite demand for commercial and residential properties, developers are unable to leverage gains as raw material prices have gone up by 40%
Buoyed by improved demand in both residential as well as commercial segments, the real estate sector is witnessing a boom. Clearly, 1,613 new projects were registered in 2021-22, despite a slight slowdown in the initial few months of the fiscal year - reaching nearly on a par with new project registrations in the pre-
pandemic period. According to Gujarat Real Estate Regulation Authority (GujRERA), new project registrations stood at 1,732 in 2019-20.
